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SMW for 3 March 2023




AT THE CLOSING BELL ON 3 March 2023


Dow Jones 33,390.97 +387.40 (1.17%)
S&P 500 4,045.64 +64.29 (1.61%)
Nasdaq 11,689.01 +226.02 (1.97%)

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Quote for the Day:

Affirmative action was not a profound betrayal of the idea of meritocracy, but a quick (and, its inventors assumed, temporary) fix for one of its obvious shortcomings. The new meritocractic elite didn't resist affirmative action at all – in fact it voluntarily established affirmative action in every institution under its control. Affirmative action's potential for generating conflict was not clear in the muddled circumstances of its birth. So the new educational structure that was supposed to rationalize one American preoccupation, opportunity, was firmly attached in a logically contradictory, not very workable way to another American preoccupation, race. They were stuck with each other.

Nicholas Lemann. The Big Test: The Secret History of the American Meritocracy. Farrar, Straus and Giroux. © 1999